Exacerbate or alleviate? impact of controlling shareholders' share pledging on over-investment

Exacerbate or alleviate? impact of controlling shareholders' share pledging on over-investment

This paper investigates the relationship between controlling shareholders' share pledging and firm level over-investment. Utilizing Chinese A-share market data spanning 2007–2020, we find that firms with share pledging by controlling shareholders are more prone to over-invest, and the over-inve...

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Bibliographic Details
Main Authors:	Geng, Huixia, Zhu, Hongbing, Lau, Wei Theng, Razak, Nazrul Hisyam Ab, Nor, Normaziah Mohd
Format:	Article
Published:	Elsevier 2024

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